Friday Bitcoin Update 🎯
Congrats to everyone in the Inner Circle who took yesterday’s short—you should be in great profit by now! Make sure you have de-risked. I know some of you also caught the long from the 30m supply zone, so big well done.
As Friday looms, we must exercise caution heading into the weekend, which is usually marked by lower volume and sideways action. There were at least two opportunities yesterday to enter the short.
Bearish Scenario 🐻
If the bear trend continues, I believe there will be one more chance to enter short down to 81K
This will likely come from the 15m supply zone we are trending toward
What do I need to see to enter? A clear MS change on the 5m
We may not get a clean MS entry, judging by the last bearish action, but if we do and I’m at my screen, I’ll take it
I will de-risk quickly due to the weekend conditions
Bullish Scenario 🟢
If we continue bullishly, we will need to see a clear flip in internal structure before considering a long
92K is a point of interest (POI), along with the top of the range at 94K
It’s Friday! I don’t usually trade weekends, and the market is typically slow. We’re well into London hours—will New York bring the action? Let’s see. 🚀
Congrats to everyone in the Inner Circle who took yesterday’s short—you should be in great profit by now! Make sure you have de-risked. I know some of you also caught the long from the 30m supply zone, so big well done.
As Friday looms, we must exercise caution heading into the weekend, which is usually marked by lower volume and sideways action. There were at least two opportunities yesterday to enter the short.
Bearish Scenario 🐻
If the bear trend continues, I believe there will be one more chance to enter short down to 81K
This will likely come from the 15m supply zone we are trending toward
What do I need to see to enter? A clear MS change on the 5m
We may not get a clean MS entry, judging by the last bearish action, but if we do and I’m at my screen, I’ll take it
I will de-risk quickly due to the weekend conditions
Bullish Scenario 🟢
If we continue bullishly, we will need to see a clear flip in internal structure before considering a long
92K is a point of interest (POI), along with the top of the range at 94K
It’s Friday! I don’t usually trade weekends, and the market is typically slow. We’re well into London hours—will New York bring the action? Let’s see. 🚀
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🎯JOIN ONLINE BOOTCAMP:
WHEN? Last Sunday each month!
tradejournal.co.uk/bootcamp/
🎯Join Discord Community: discord.gg/SFmbjseS89
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🎯BOOK 121 TRAINING MASTERCLASS: tradejournal.co.uk/book-1-to-1-master-class/
🎯JOIN ONLINE BOOTCAMP:
WHEN? Last Sunday each month!
tradejournal.co.uk/bootcamp/
🎯Join Discord Community: discord.gg/SFmbjseS89
🎯JOIN ONLINE BOOTCAMP:
WHEN? Last Sunday each month!
tradejournal.co.uk/bootcamp/
🎯Join Discord Community: discord.gg/SFmbjseS89
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.